VerifyMe Q2 2024 GAAP EPS $(0.03) Beats $(0.10) Estimate, Sales $5.352M Miss $5.621M Estimate
Portfolio Pulse from Benzinga Newsdesk
VerifyMe (NASDAQ:VRME) reported Q2 2024 GAAP EPS of $(0.03), beating the $(0.10) estimate, but sales of $5.352M missed the $5.621M estimate. Sales increased by 0.32% year-over-year.
August 13, 2024 | 12:09 pm
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VerifyMe reported better-than-expected EPS of $(0.03) vs. $(0.10) estimate, but missed sales estimates with $5.352M vs. $5.621M. Sales increased slightly by 0.32% YoY.
The better-than-expected EPS is a positive indicator and may boost investor confidence, leading to a potential short-term increase in stock price. However, the sales miss and marginal YoY growth may temper the enthusiasm.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100